Rasheed Bank: We have a financial cap covers the salaries of retirees

Rasheed Bank: We have a financial cap covers the salaries of retirees

Tuesday, March 8, 2016 - 20:33
Rasheed Bank: We have a financial cap covers the salaries of retirees

Rasheed Bank confirmed the Ministry of Finance, on Tuesday, provides financial cover necessary for the disbursement of pensions, and while pointing to Follow Your Passion received instruments, he stressed that the information that speak otherwise, "baseless."

The bank said in a statement: "We have enough cover for the disbursement of pensions," he said, adding that "the public pension body liberation instruments retirees and statements of the bank Rafidain and Rasheed, and is contacted banks by the competent authority for the purpose of receiving and payment to beneficiaries."

He said the bank was "keen to follow up on receipt and exchange until late at night and on the same day in cooperation with the Commission taking into account the need for retirees to their salaries," stressing that "the statements that reported not to provide financial cover untrue, nothing to do with the Rasheed Bank it."